The Home Depot, Inc. $HD Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its holdings in The Home Depot, Inc. (NYSE:HD) by 29.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,564 shares of the home improvement retailer’s stock after selling 3,973 shares during the quarter. Home Depot accounts for about 1.3% of Town & Country Bank & Trust CO dba First Bankers Trust CO’s portfolio, making the stock its 21st biggest holding. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Home Depot were worth $3,875,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Aspetuck Financial Management LLC raised its stake in Home Depot by 3.2% during the 3rd quarter. Aspetuck Financial Management LLC now owns 954 shares of the home improvement retailer’s stock valued at $387,000 after purchasing an additional 30 shares during the last quarter. Argent Advisors Inc. boosted its position in shares of Home Depot by 11.4% during the third quarter. Argent Advisors Inc. now owns 5,316 shares of the home improvement retailer’s stock worth $2,154,000 after buying an additional 544 shares during the period. Pegasus Asset Management Inc. boosted its position in Home Depot by 1.3% during the third quarter. Pegasus Asset Management Inc. now owns 6,014 shares of the home improvement retailer’s stock valued at $2,437,000 after purchasing an additional 77 shares during the last quarter. Trifecta Capital Advisors LLC lifted its holdings in Home Depot by 6.5% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,435 shares of the home improvement retailer’s stock valued at $8,280,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its holdings in shares of Home Depot by 16.4% during the third quarter. Impact Partnership Wealth LLC now owns 3,252 shares of the home improvement retailer’s stock worth $1,318,000 after buying an additional 459 shares in the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

Key Stories Impacting Home Depot

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Management is cutting roughly 800 corporate roles as part of a reorganization intended to speed decision-making and redirect resources toward frontline stores—cost reductions could support margins and near-term EPS if savings are realized. Home Depot to cut 800 corporate jobs at its Atlanta store support center
• Positive Sentiment: Product placement: Home Depot will carry Back to the Roots’ 100% organic heirloom seed line across about 2,000 U.S. stores — a seasonal merchandising boost for the gardening category that can drive incremental traffic and sales in spring. Back to the Roots Expands Organic Heirloom Seed Line to The Home Depot Stores Nationwide
• Neutral Sentiment: Analysts remain mixed on Home Depot’s outlook; some see resilience in discretionary demand while others point to housing headwinds — mixed analyst views mean guidance and upcoming comps will likely drive short-term trading more than a unanimous thesis. Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Home Depot (HD) and Starbucks (SBUX)
• Negative Sentiment: The scale of the cuts and an order for corporate employees to return to the office five days a week are being interpreted as management reacting to a slowdown (notably a frozen housing market). That raises concern about lower same-store sales and traffic ahead, which could pressure revenue and the stock until comps or guidance rebound. Home Depot Cuts 800 Workers, Orders Corporate Workers Back to Office Full Time

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KGI Securities downgraded shares of Home Depot from an “outperform” rating to a “hold” rating and set a $320.00 price target for the company. in a research note on Wednesday, November 19th. Guggenheim cut their price objective on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, November 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $413.00 target price on shares of Home Depot in a research note on Wednesday, December 10th. Telsey Advisory Group dropped their price objective on shares of Home Depot from $430.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Finally, Oppenheimer decreased their target price on shares of Home Depot from $420.00 to $405.00 and set a “market perform” rating for the company in a research note on Friday, December 5th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $404.50.

Insider Transactions at Home Depot

In other Home Depot news, EVP Ann Marie Campbell sold 145 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the completion of the transaction, the executive vice president directly owned 12,320 shares of the company’s stock, valued at approximately $4,413,763.20. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Teresa Wynn Roseborough sold 2,872 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $348.52, for a total transaction of $1,000,949.44. Following the completion of the transaction, the executive vice president directly owned 13,196 shares of the company’s stock, valued at approximately $4,599,069.92. This represents a 17.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,963 shares of company stock valued at $1,748,845. Corporate insiders own 0.10% of the company’s stock.

Home Depot Stock Performance

Shares of HD stock opened at $371.91 on Friday. The business has a 50-day simple moving average of $359.07 and a 200-day simple moving average of $378.68. The stock has a market cap of $370.24 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 13.99 and a beta of 1.08. The Home Depot, Inc. has a 52-week low of $326.31 and a 52-week high of $426.75. The company has a quick ratio of 0.29, a current ratio of 1.05 and a debt-to-equity ratio of 3.82.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.09). The company had revenue of $41.35 billion for the quarter, compared to analysts’ expectations of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.78 EPS. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. On average, equities analysts expect that The Home Depot, Inc. will post 15.13 EPS for the current year.

Home Depot Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, December 4th. Home Depot’s payout ratio is 62.71%.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.